Hong Kong, April 13th, at 12:29 PM, ETH current market analysis

Large, medium, and small cycles are all slightly bearish, the market is on the eve of a trend reversal, on-chain data shows Ethereum network activity approaching historical highs (78,800 active addresses daily, 255k new addresses daily), with strong long-term fundamentals contrasting with short-term weak prices. The best current strategy is to wait and see, choose a direction, with high short positions preferred over low long positions.

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Reference for short: 2223 ——— 2239 (prefer to trade)

Reference for long: 2116 ——— 2098 (light position trading)

ETH resistance levels above

First resistance: around 2223 (28% chance of breakthrough)

Second resistance: around 2239 (17% chance of breakthrough)

Third resistance: around 2264 (9% chance of breakthrough)

Fourth resistance: around 2299 (4% chance of breakthrough)

ETH support levels below

First support: around 2171 (72% chance of falling below)

Second support: around 2146 (68% chance of falling below)

Third support: around 2116 (42% chance of falling below)

Fourth support: around 2076 (25% chance of falling below)

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